TradeStation Help

Placing an Equities Order

To generate an order from the Equities tab on the Order Bar, you will typically fill in the boxes on the top row of the order bar, from left to right. Once you've entered and reviewed the order parameters, you can select a button from the second row to specify a basic order action (Buy, Sell, etc.) or choose another type of order.

Certain routes and durations may be unavailable for use with certain order types. If this is the case, those route and duration choices that are unavailable will appear grayed out.

Steps for Placing an Equities Order

The following outlines the steps for placing an equities order from the Order Bar. See Order Bar Buttons & Fields for more information about items on the order bar.

1. Enter the symbol for which you want to place an order in the Symbol box. A drop-down list allows you to select matching symbols, or you may click the Symbol Lookup button to find a symbol by description or name.
2. Enter the number of shares or currency value for your order in the Quantity box or select a number using the or arrows. Click # or $ to specify whether the Quantity field refers to the number of shares or a currency value.
3. Select the type of order you want to place from the Order Type drop-down list (Market, Limit, Stop Market, Stop Limit).
4. Optionally, select the route that you want to use for your order from the Route drop-down list. By default, the Intelligent routing feature in TradeStation automatically selects the route.
5. Select the length of time for the order to be valid from the Duration drop-down list.
6. For Limit or Stop Limit orders, enter a limit price value in the Limit Price box or select a number using the or arrows. You can also click the Auto button to the right of the Limit Price box to use the Auto Price feature.
7. For Stop Market or Stop Limit orders, enter a stop price value in the Stop Price box or select a number using the or arrows. You can also click the Auto button to the right of the Stop Price box to use the Auto Price feature.
8. Optionally, click the Advanced button to select any advanced order features you may want to use for this order and the selected route.
9. Click an order action button for this order (Buy, Sell, Sell Short, or Buy to Cover) that matches your account type. Use the Account No box to select the desired account.
10. Click Yes to send the order or No to cancel the order in the Confirm dialog.

You can disable the Confirm dialog if you do not wish to confirm your order before placing it. For more information, see Enabling and Disabling Order Confirmations.